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Spotify to Launch HiFi Option Later This Year, Paid Out $5 Billion in Royalties in 2020

As part of a long presentation called “Stream On,” Spotify announced that it will be introducing a hi-fi option later this year, among other benefits for fans and creators. CEO and cofounder Daniel Ek also said the company paid out $5 billion in royalties in 2020. Ek also mentioned the company be launching in new […]

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